China's JNBY Design set for best day in near 5 years on upbeat earnings forecast

JNBY Design

16/07/2021 04:26

** Shares of Chinese designer brand fashion house JNBY
Design Ltd  3306.HK  surge 19.40% to HK$15.40, on course for the
best day since listing in October 2016
    ** Stock hits the highest since May 6; the fifth-biggest
percentage gainer on the Hong Kong bourse
    ** The Zhejiang-based fashion group expects to record an
over 80% year-on-year jump in net profit for fiscal year ended
in June, due to robust rebound in revenue of all its brands as
impact of COVID-19 pandemic on China's retail market reduced
 urn:newsml:reuters.com:*:nFWN2OR11F
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slides 0.2% and the consumer goods and services index  .HSCGSI 
eases 0.4%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.4%,
and the benchmark index  .HSI  edges down 0.2%
    ** As of last close, stock up 43.3% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))